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RXP.A Redcliffe Exploration Inc.

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Share Name Share Symbol Market Type
Redcliffe Exploration Inc. TSXV:RXP.A TSX Venture Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Redcliffe Announces Normal Course Issuer Bid

08/09/2008 10:34pm

Marketwired Canada


THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS.

Redcliffe Exploration Inc. (TSX VENTURE:RXP.A) (TSX VENTURE:RXP.B) ("Redcliffe"
or the "Company") is pleased to announce the commencement of a normal course
issuer bid (the "Bid") pursuant to the bylaws, rules and policies of the TSX
Venture Exchange (the "TSX-V"). Subject to regulatory approval, the Bid will
commence on September 15, 2008 and will expire on September 14, 2009 unless
terminated earlier by the Company. Pursuant to the Bid, the Company may acquire
up to an aggregate of 3,282,574 Class A shares, representing 5% of the
65,651,488 Class A shares issued and outstanding at September 8, 2008.


It is the Company's intention to acquire the Class A shares at prices that
represent a discount to their underlying net asset value. Class A shares
acquired will be subsequently cancelled. The objective is to provide capital
appreciation and market stability for the benefit of the Company's shareholders.
Purchases under this issuer bid will be carried out by FirstEnergy Capital Corp.
through the facilities of the TSX-V.


Reader Advisories

Forward-Looking Statements: This news release contains statements about future
events that are forward looking in nature and, as a result, are subject to
certain risks and uncertainties such as changes in plans or the occurrence of
unexpected events. Actual results may differ from the estimates provided by
management.


1 Year Redcliffe Exploration Inc. Chart

1 Year Redcliffe Exploration Inc. Chart

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1 Month Redcliffe Exploration Inc. Chart

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